Oct 08, 2015 at 11:00 | Source: PTI
The two prominent groups -- Income Tax Employees Federation (ITEF) and Income Tax Gazetted Officers' Association (ITGOA) -- represent about 97 percent of the department's workforce and have already notified the decision to the apex-policy making body of the department, the Central Board of Direct Taxes.
Oct 05, 2015 at 19:22 | Source: PTI
The final set of measures, which has been announced after extensive discussions over the years, also comes at a time when countries, including India, are looking for ways to curb tax evasion and illegal fund flows.
Oct 05, 2015 at 17:19 | Source: Moneycontrol.com
Once there is an asset that is present then several expenses related to the running of the asset would have to be allowed as a deduction. So for example in case of a car the running and maintenance cost of the car that is allocated for the purpose of business or profession would be allowed as a deduction.
Oct 01, 2015 at 19:33 | Source: PTI
EC sources said here that till yesterday evening, Rs 12.17 crore cash was seized. Besides, the authorities also seized Rs 60.30 lakh of foreign currency, Rs 58.12 lakh of Nepalese Rupee and Rs 13.22 lakh worth of fake Indian currency notes.
Oct 01, 2015 at 18:49 | Source: PTI
Earlier this month, the government had exempted foreign institutional and portfolio investors from payment of MAT on the capital gains made by them before April 1, 2015.
Oct 01, 2015 at 17:05 | Source: Moneycontrol.com
Retired individuals can invest in a mix of dedicated investment options for senior citizens and bank fixed deposits.
Oct 01, 2015 at 14:42 | Source: Moneycontrol.com
The domestic gas price cut will make CNG 44-45% more competitive than diesel, compared with 39% currently, while PNG would become 1-2% more competitive than subsidised LPG, compared with a negative 8% currently
Oct 01, 2015 at 11:00 | Source: PTI
"638 number of declarations have been received under the compliance window declaring undisclosed foreign assets amounting to Rs 3770 crore. These figures are subject to final reconciliation," the Finance Ministry said in a statement based on figures provided to it by the CBDT.
Sep 29, 2015 at 20:08 | Source: PTI
The decision in the case assumes significance with the government announcing its decision to amend the Income Tax Act to exempt foreign portfolio investors (FPIs) and foreign companies from MAT.
Sep 29, 2015 at 19:18 | Source: Moneycontrol.com
Income of the individual should support his gold holdings. Disproportionate holdings can attract penalties.